CUNA GAC wrapped up Wednesday a morning filled with influential lawmakers talking legislation and thanking credit unions for the work they do while also addressing data security, CECL the CFPB and more.
Stringent data protection requirements is a hallmark of the financial services industry, but the lack of standards for other entities mean current data security and privacy laws do not work, CUNA wrote Friday.
Credit unions stand ready to work with Congressional offices to create a national data security and privacy standard, tailor regulations on credit unions and more, CUNA wrote to all Congressional offices Thursday.
Credit unions wrapped up another successful, record-breaking CUNA GAC Thursday with the last of their visits to Capitol Hill and legues, credit union leaders and legislators themselves shared their visits on social media using the #CUDifference hashtag.
The NCUA board finalized a rule regarding loans to members and lines of credit to members at its Thursday meeting, a rule designed to reduce regulatory burden, improve clarity and make compliance easier.
The Senate voted Thursday to confirm both Rodney Hood and Todd Harper to serve on the NCUA board, giving NCUA a full three-person board for the first time since April 2016. Hood replaces board member Rick Metsger.
The credit union mission and structure is a tentpole of credit union advocacy because it resonates, CUNA Chief Advocacy Officer Ryan Donovan wrote, noting successful engagement with Sen. Elizabeth Warren (D-Mass.) over the last several months.
Credit unions could be spotted in every single Congressional building on Capitol Hill Wednesday as more than 5,200 credit union leaders visited with elected officials to tell stories about the credit union difference.
CUNA’s Consumer Protection Subcommittee met with CFPB Director Kathy Kraninger Wednesday as part of the group’s agenda while in Washington, D.C. for the CUNA GAC. CUNA leaders met with Kraninger last week.